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Western Copper and Gold (TSE:WRN) Stock Passes Above 200-Day Moving Average - Here's Why

Western Copper and Gold logo with Basic Materials background
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Western Copper and Gold Co. (TSE:WRN - Get Free Report) NYSE: WRN shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.56 and traded as high as C$1.64. Western Copper and Gold shares last traded at C$1.62, with a volume of 23,483 shares.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. BMO Capital Markets set a C$3.00 price objective on shares of Western Copper and Gold and gave the company an "outperform" rating in a research report on Thursday, January 30th. Cormark raised Western Copper and Gold to a "moderate buy" rating in a report on Tuesday, February 18th. Finally, Canaccord Genuity Group raised Western Copper and Gold to a "moderate buy" rating in a report on Monday, December 9th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$3.69.

Check Out Our Latest Stock Report on Western Copper and Gold

Western Copper and Gold Stock Down 0.6 %

The company has a market capitalization of C$323.89 million, a price-to-earnings ratio of -55.26 and a beta of 2.04. The company has a current ratio of 25.74, a quick ratio of 5.52 and a debt-to-equity ratio of 0.02. The firm's 50 day simple moving average is C$1.52 and its 200-day simple moving average is C$1.56.

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Western Copper and Gold Company Profile

(Get Free Report)

Western Copper & Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition, exploration, and future development of resource properties. The company is developing the Casino project into Canada's premier copper-gold mine. It holds significant gold, copper reserves in its Casino project located in the Yukon, Canada.

Further Reading

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